Halliburton: Upbeat H2 Outlook Makes This Dip A Buy Amid Iran War Jitters

Halliburton delivered solid Q2 results with both revenue and EPS beating consensus, yet shares declined post-earnings. I reiterate a buy rating on HAL, citing attractive valuation and positive free cash flow despite recent technical weakness and a 14% stock decline since March. HAL's CEO highlights strong North America recovery, robust international contract awards, and steady capital plans as key growth drivers. Valuation remains compelling with shares below fair value; technical resistance exists near $40, but I expect a rebound in the second half of the year.

Halliburton ( HAL ) reported solid Q2 results on Tuesday, July 21. The top- and bottom-line beats came alongside higher net sales across its North America and International segments. But the 7% sequential revenue rise was not good enough for